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Mar 8, 2010
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Unilever CFO Huet gets 3.3 million golden hello

By
Reuters
Published
Mar 8, 2010

LONDON, March 5 (Reuters) - Consumer goods maker Unilever Plc/NV (ULVR.L)(UNc.AS) will pay a "golden hello" of nearly 3.3 million pounds ($5 million) to its new Chief Financial Officer Jean-Marc Huet to compensate him for lost incentives from his former employer.


London Headquarters of Unilever - Photo : Johnathan Utz/AFP

Unilever said on Friday 5 March it will pay Huet a cash bonus of 680,000 pounds and will give him a share award with a maximum value of 2.6 million pounds over the next three years. His basic salary in 2010 had been set at 680,000 pounds, according the group's annual report.

The Anglo-Dutch maker of Dove soap and Knorr soup announced the appointment of the 40-year old Dutchman in December 2009 and he joined the company in February. He was previously finance chief at U.S. drugmaker Bristol-Myers Squibb (BMY.N: Quote, Profile, Research).

Last month, British retailer Marks & Spencer (MKS.L: Quote, Profile, Research) awarded its new Dutch Chief Executive Marc Bolland a golden hello of up to 15 million pounds to compensate him for losing incentives from his previous employer, Wm Morrison Supermarkets (MRW.L: Quote, Profile, Research).

(Reporting by David Jones; Editing by David Holmes)

($1=.6652 Pound)

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